FROM: Robert Thompson, General Manager
Originator: Mike Dorman, Director of Engineering
SUBJECT:
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PARTIAL QUITCLAIM DEED, EASEMENT RELINQUISHMENT AGREEMENT, GRANT OF EASEMENT, AND ENCROACHMENT AGREEMENT AT 3150 BEAR STREET, COSTA MESA
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION: Recommend to the Board of Director to:
A. Approve the execution of a Partial Quitclaim Deed and the Easement Relinquishment Agreement for an easement at 3150 Bear Street, Costa Mesa, California, with MTHCALV-I BEAR STREET, LLC, and accept $165,000 as consideration for the relinquished easement rights, together with a Grant of Easement and an Encroachment Agreement, in forms approved by General Counsel; and
B. Direct the Clerk of the Board to record documents with the Orange County Clerk-Recorder’s Office.
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BACKGROUND
MTHCALV-I BEAR STREET, LLC is constructing a 142-unit single-family residential development consisting of attached and detached homes located at 3150 Bear Street in Costa Mesa. To accommodate the proposed development, three separate real estate actions are required.
Partial Quitclaim of Easement and Easement Relinquishment Agreement: The developer has requested that Orange County Sanitation District (OC San) partially quitclaim an underutilized portion of its existing easement located near the northeast corner of the property, as depicted in Exhibit B of the Quitclaim Deed. As consideration for the partial relinquishment of easement rights, the developer will pay OC San. The value of the relinquishment was established based on a property survey and a formal appraisal prepared by a licensed real estate appraiser.
Grant of Easement: To maintain long-term access to OC San's facilities, the developer will grant OC San a new access easement over a portion of the property, as depicted in Exhibit A of the Grant of Easement. The new access easement provides an alternative access route and ensures OC San retains the ...
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